September 2 (SeeNews) - Serbia’s unemployment rate is expected to fall to below 10% at the beginning of 2020, finance minister Sinisa Mali has said.
"We will continue to rely on three pillars of growth - attracting foreign and domestic investment, growing personal consumption, foreign trade balance, or narrowing the gap between imports and exports. We expect this to lead to a single-digit unemployment rate as early as the beginning of 2020," Mali said in a press release on Friday.
Serbia’s unemployment rate fell to 10.3% in the second quarter of 2019, down by 1.8 percentage points compared to the previous quarter, statistical office data showed last week.
The employment rate in Serbia increased to 49.2% in the second quarter, up from 48.6% a year earlier. In the first quarter of 2019, the employment rate was 47.4%.